In Figure, a positive externality was corrected with a $30,000 subsidy paid to students. Draw a diagram
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In Figure, a positive externality was corrected with a $30,000 subsidy paid to students. Draw a diagram to show that the total price paid by students, the total price received by colleges, and the equilibrium quantity of degrees would have been exactly the same if the $30,000 subsidy per student had been given to collegesinstead.
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Dollars 114000 100000 ...View the full answer
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Related Book For 
Macroeconomics Principles and Applications
ISBN: 978-1133265238
5th edition
Authors: Robert e. hall, marc Lieberman
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